Pub. 10 2019 Issue 3

Summer 2019 21 West Virginia Banker KRIS MONTIONE Advertising Sales 727. 475.9827 or 855.747. 4003 kris@thenewsl inkgroup. com WORDS. About the authors: Sandra M. Murphy and Amy J. Tawney are attorneys in the Charleston office of Bowles Rice LLP. Should you require more information, please feel free to contact the authors directly. • Ms. Murphy is the leader of the firm’s Banking and Financial Services team. She concentrates her practice on banking, commercial and financial services, and securities law. She can be reached at (304) 347-1131 or by e-mail at smurphy@ bowlesrice.com. • Ms. Tawney is a Bowles Rice partner and focuses her practice on banking law, mergers and acquisitions, securities law and regulatory matters. She can be reached at (304) 347-1123 or by e-mail at atawney@bowlesrice.com. the bank must be careful to limit its involvement to ministerial activities only. In no case should the bank become di- rectly involved in negotiations between the two parties. Quoting Shares on Over-the-Counter Markets Another method for providing liquidity to sharehold- ers is for the bank to file an application to have its stock quoted on an over-the-counter market such as the OTCQX, the OTCQB or the Pink market. Unlike a stock exchange, banks with securities quoted on an over-the-counter market do not list their own stock for trading; rather, banks engage FINRA-approved broker-dealers to quote their shares and banks submit certain financial information and other disclosures on an ongoing basis. 